Obama Urges Congress to Pass Tax Cut Deal ‘As Swiftly As Possible’

By Jared

Dec 15, 2010 10:19am

ABC News’ Sunlen Miller reports: Hours before the Senate is expected to pass the tax cut deal, President Obama came to the Old Executive Office building this morning to urge the Senate, and the House afterward, to pass the “critical economic package,” so he can sign it into law. “We worked hard to negotiate an agreement that’s a win for middle-class families and a win for our economy,” President Obama said, “And we can’t afford to let it fall victim to either delay or defeat. So I urge members of Congress to pass these tax cuts as swiftly as possible.” As he has many times in the past, the president said that both sides of the aisle will not have everything they want in this deal. “That’s the nature of comprise,” he said adding, “I am absolutely convinced that this tax cut plan, while not perfect, will help grow our economy and create jobs in the private sector.  It will help lift up middle-class families, who will no longer need to worry about a New Year’s Day tax hike.” The President spoke before meeting with 20 of the nation’s top CEOs at the Blair House where he is expected to speak about spurring economic growth and urge them to spend the $2 trillion in capital they have stored away to increase hiring. “I hope to elicit ideas from these business leaders that will help us not only climb out of recession, but seize the promise of this moment,” Obama said, “ideas about tax reform, ideas about a balanced approach to regulation that will promote, rather than undermine growth, ideas that will help encourage businesses to invest in America and American jobs at a time when they’re holding nearly $2 trillion on their books.” Asked by the pool reporters as he walked over to the Blair House if he is looking to get a commitment today from CEOs to spend some of that capital they are sitting on, Obama said, he is looking forward to hearing good ideas, “but definitely will talk to them about how to we can get more hiring out there.” –Sunlen Miller

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